Peeling back the profits


A woman posing for a photo in front of a poster showing artwork composed of a fresh banana stuck to a wall with duct tape before a press conference by crypto founder Justin Sun in Hong Kong. Sun bought the provocative work of conceptual art by Italian artist Maurizio Cattelan at a New York auction for US$6.2mil. — AFP

A WEEK after a Chinese cryptocurrency entrepreneur bought an artwork composed of a fresh banana stuck to a wall with duct tape for US$6.2mil at auction, the man, Justin Sun, announced a grand gesture on the social platform X.

He said he planned on purchasing 100,000 bananas – or US$25,000 worth of the produce – from the Manhattan stand where the original fruit was sold for 25 cents.

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